Fjord Defence Group ASA

Pre-Annual General Meeting Information • May 30, 2025

Aquila Holdings – Notice of extraordinary general meeting

Aquila Holdings – Notice of extraordinary general meeting

Oslo, 30 May 2025

Reference is made to the stock exchange announcement made by Aquila Holdings ASA ("Aquila") on 27 May 2025 regarding Aquila's contemplated acquisition of between 99% and 100% of the shares in Fjord Defence AS, with partly consideration in new shares in Aquila (the "Acquisition"), the successful placement and conditional allocation of 75 million new shares in Aquila to raise gross proceeds of NOK 60 million (the "Private Placement"), and a potential subsequent offering of up to 12.5 million new shares in Aquila (the "Subsequent Offering").

Aquila hereby calls for an extraordinary general meeting to be held on Friday, 20 June 2025 at 10:00 CEST in relation to the Acquisition, the Private Placement, and the Subsequent Offering. The general meeting will be held at the offices of Wikborg Rein Advokatfirma AS in Dronning Mauds gate 11, 0250 Oslo, Norway. Registration of attendees will begin at 09:30 CEST.

The notice of the general meeting is attached to this announcement and will, together with the registration and proxy form and other appendices, also be made available on Aquila's website, www.aquilaholdings.no.

Aquila encourages shareholders to either vote electronically in advance or submit proxy forms prior to the meeting. Advance votes may be registered through the Company’s website www.aquilaholdings.no (use ref.nr and pin code included in the notice) or through VPS Investor Services. In VPS Investor Services, select Corporate Actions – General Meeting – ISIN. If you are not able to register electronically, you may send the form attached as Appendix 2 to the notice by e-mail to genf@dnb.no, or by regular mail to DNB Bank ASA, DNB Carnegie Issuer and Investor Services, P.O. Box 1600 Sentrum, 0021 Oslo, Norway. Further instructions are included in the attached notice.

To register your attendance, please register through the Company’s website www.aquilaholdings.no or through VPS Investor Services.

The Company will arrange for shareholders to be able to call in to the general meeting and as such participate in the meeting. Votes cannot be cast over telephone. Shareholders who wish to dial in to the general meeting are asked to send an e-mail to info@aquilaholdings.no to receive dial-in details.

Shareholders receiving the paper version of the notice of the general meeting are encouraged to accept electronic communication through VPS Investor Services.

For further information, please contact:

Kristian Zahl, Interim CEO

kristian.zahl@aquilaholdings.no

+47 996 10 117

About Aquila Holdings

Aquila Holdings ASA ("AQUIL") is a Norwegian seismic multi-client and investment company listed on Euronext Expand. Aquila Holdings specializes in 3D ocean bottom node seismic multi-client data for near-field exploration. The company holds two key seismic multi-client assets, one in Norway and one in Egypt. Aquila Holdings also has an investment arm, with focus on investments in listed companies as well as companies expected to be listed. More information on www.aquilaholdings.no. Subject to completion of the acquisition of Fjord Defence AS, the company will be repositioned as a compounder seeking to acquire and develop fast-growing, profitable, and well-run companies in the defence industry, and change its name to “Fjord Defence Group ASA”. For more information, please see the announcement of 27 May 2025.

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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the Oslo Rule Book II.